Hummer sale falls over
General Motors >
25th February, 2010
General Motors (GM) announced overnight that Sichuan
Tengzhong Heavy Industrial Machines Co., Ltd. (Tengzhong) of China was unable to complete the
acquisition of Hummer. As a result, GM will begin the orderly wind-down of the Hummer operations.
“One year ago, General Motors announced that we were going to divest Hummer, as part of focussing
our efforts on Chevrolet, Buick, GMC and Cadillac going forward. We have since considered a number of
possibilities for Hummer along the way, and we are disappointed that the deal with Tengzhong could not
be completed," said John Smith GM vice president of corporate planning and alliances. "GM will
now work closely with Hummer employees, dealers and suppliers to wind down the business in an orderly
and responsible manner."
GM will continue to honour Hummer warranties, while providing service support and spare parts to
current Hummer owners around the world.